EM&F denys its bad shape

Empik Media & Fashion (EM&F) denied the recent news about a bad financial standing of the company, as it stated in a press release. "The board...operating under the approval of the main shareholders, Penta Investments and Eastbridge Group would like to deny speculations about alleged bad financial standing of EM&F group and its subsidiaries published in the press and digital media lately," the company informed. EM&F added that it obtained funding for the next three years.